Felix Salmon

An idea for how to deal with second liens

March 22, 2011

I had a long conversation with Jesse Eisinger today on the subject of second liens and the proposed mortgage settlement from the state attorneys general.

NYT reveals its paywall hopes

March 21, 2011

Jeremy Peters reports on the NYT’s internal paywall math:

The Times will not say publicly how many online subscribers it hopes to get. But company executives have said privately that the goal for the first year is 300,000. And Mr. Sulzberger and Ms. Robinson insist that the plan is not intended for short-term gain.

Revisiting my Japan post

March 20, 2011

This time last week, I was asked if I would go on Piers Morgan’s CNN show to talk about donations to Japan. I said yes, and reckoned that if I was going to go on national TV talking about such things, I ought at least to have a blog entry up on the subject. So I wrote this.

Lincoln offers free access to the NYT

March 18, 2011


Here’s a way of monetizing the NYT’s paywall which I have to admit I hadn’t thought of: get advertisers to foot the bill!

The case of the missing primary documents, Bloomberg edition

March 18, 2011

Caleb Newquist has a great post up at Going Concern showing how important it is for news organizations to publish primary documents, rather than just report what’s in them. He’s reacting to Boris Groendahl’s story at Bloomberg, headlined “HSBC Was Told About Madoff ‘Fraud Risks’ in Two KPMG Reports.” The story is pretty clear: KPMG warned HSBC twice — once in 2006 and once in 2008 — that there might be fraud going on chez Madoff.


March 18, 2011

It seems that the NYT has persuaded Lincoln cars to sponsor free digital subscriptions thru 2011 for “an exclusive group of frequent visitors” — Twitpic

The FDIC’s WaMu suit

March 17, 2011

The FDIC complaint against various WaMu officers makes for fascinating reading. I’ve embedded it below.

Felix TV: The peculiar economics of event ticketing

March 17, 2011

Remember the weirdness surrounding LCD Soundsystem tickets? Well, it applies to sporting events too, as this video explains. Shortly after it was made, Jim Ledbetter sold his Knicks tickets for $500 each, which allowed him to net a pleasant profit on their $110 face value and still see the game from a cheaper section.

The NYT paywall arrives

March 17, 2011

The NYT paywall has arrived: it’s going up in Canada today, and then worldwide on March 28. The most comprehensive source for the gritty details is this FAQ, which does things like explain the difference between an item and a pageview. (A slideshow or a multi-page article is one “item,” no matter how many slides it contains.)